Monadelphous Group Ltd (ASX:MND) Announces Strong 2025 Half-Year Results
Financial Performance
Monadelphous Group Ltd (ASX:MND) reported half-year revenue of $1.051 billion, a 4.2% increase on the prior corresponding period. Net profit after tax (NPAT) rose by 41.3% to $42.5 million, while EBITDA grew by 30.2% to $79.8 million. Earnings per share stood at 43.3 cents, and the company ended the period with a cash balance of $272.5 million.
Contract Acquisitions
The company secured approximately $1.7 billion in new contracts and extensions across the resources, energy, and renewable energy sectors. Major contracts include those with Woodside and Shell, valued at around $800 million, and multiple agreements with Rio Tinto and BHP. These acquisitions bolster Monadelphous’s significant pipeline of prospects in key industries.
Sustainability
Monadelphous continues its commitment to sustainable growth, focusing on safety, diversity, community engagement, and environmental initiatives. The company is progressing towards its Net Zero by 2050 goal, implementing electric utility vehicles, and installing solar systems at its facilities. Community grants and partnerships with First Nations businesses further underscore its sustainability efforts.
Dividend
The Board of Directors declared an interim dividend of 33 cents per share, fully franked. The dividend will be paid on 28 March 2025, with the record date set for 7 March 2025.
Executive Comments
Managing Director Zoran Bebic stated, “Resources and energy demand is expected to remain strong over the long-term, underpinned by sustained economic growth and increasing investment in decarbonisation activities. The Company continues to focus on sustainable growth and quality of earnings through a selective approach to new work, collaborative customer engagement, high standards of delivery, and the appropriate allocation of risk.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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